Nuveen Dow 30sm Dynamic Overwrite Fund

Effective August 3, 2020, Jim Campagna, Lei Liao, and Darren Tran will join the portfolio management team for the Fund and will focus on the Fund’s equity portfolio. David Friar will continue as a portfolio manager of the Fund and will be responsible for overseeing the options strategies for the Fund. Accordingly, effective immediately, the Fund’s Prospectus and Statement of Additional Information are hereby amended and supplemented to reflect the following information regarding the new portfolio managers:

Jim is a portfolio manager and oversees equity index strategies for Nuveen. He is responsible for all equity index, social choice, and equity ETF strategies. Prior to joining the firm in 2005, he was a portfolio manager at Mellon Capital Management where he was responsible for several funds and was an index strategy leader for the MSCI EAFE mandates. Jim graduated with a B.A. in Economics from the University of California, Irvine. He holds the CFA^® designation and is a member of the FTSE Russell Americas Regional Equity Advisory Committee.

Lei is a portfolio manager at Nuveen and is responsible for all equity index strategies, social choice equity portfolios, as well as some of the firm’s ETF product line. Lei joined the firm in 2012 and began working in the investment industry in 2004. His previous experience includes several years at Northern Trust Corp. as a senior equity portfolio manager. He graduated with an M.B.A. from the Ross Business School at the University of Michigan. He also holds the CFA^® designation.

Darren is a portfolio manager at Nuveen and is responsible for all equity index, social choice equity, and equity ETF strategies. Darren joined the firm in 2005 as a foreign currency trader and entered the investment industry in 2000. Prior to joining the firm, he held a position at Morgan Stanley in Corporate Treasury. Darren graduated with a B.S. in Finance and Information Systems from the NYU Stern School of Business and an M.S. in Financial Engineering from the NYU Tandon School of Engineering. He holds the CFA^® designation and is a member of the New York Society of Security Analysts.

In addition to the Fund, as of June 30, 2020, the portfolio managers were also primarily responsible for the day-to-day portfolio management of the following accounts:


Portfolio Manager	Type of Account Managed	Number of Accounts	Assets (in millions)	Number of Accounts with Performance- Based Fees	Assets of Accounts with Performance- Based Fees
Jim Campagna	Registered Investment Companies	24	$107,225	0	$0
	Other Pooled Investment Companies	0	$0	0	$0
	Other Accounts	6	$686	0	$0
Lei Liao	Registered Investment Companies	24	$107,225	0	$0
	Other Pooled Investment Companies	0	$0	0	$0
	Other Accounts	6	$686	0	$0
Darren Tran	Registered Investment Companies	10	$84,841	0	$0
	Other Pooled Investment Companies	0	$0	0	$0
	Other Accounts	6	$686	0	$0

As of June 30, 2020, the Portfolio Managers beneficially owned (as determined pursuant to Rule 16a-1(a)(2) under the Securities Exchange Act of 1934) shares of the Fund having values within the indicated dollar ranges.


Portfolio Manager		Dollar Range of Equity Securities Beneficially Owned in the Fund
Jim Campagna		None
Lei Liao		None
Darren Tran		None